Orange and the BNP Paribas group offer retail banking customers in Africa direct access between their BNP Paribas account and their Orange Money account through their mobile phones. This new service is available starting in Côte d’Ivoire and will be extended to other countries in which BNP Paribas and Orange Money are present, particularly Senegal.
Like all other services on the market – ZimSwitch’s Vpayments, Pay4App, PesaPal, FloCash – at the core, Paynow enables anyone with a website or app to start receiving payments online from major credit cards as well as, for some at least, local bank cards and local mobile money wallets. So yes, Paynow comes to a
Cybercrime is on the rise in Kenya and one of the most affected areas is mobile money, according to a report launched by Serianu and the Telecommunication Service Providers Association of Kenya (TESPOK). The Kenya Cyber Security Report 2014 said: “In 2013, we noted an increase in mobile money fraud targeting individuals and organisations. The
The National Microfinance Bank (NMB) sound business model and exceptional performance are among the aspects that made the bank to scoop the award of the best bank in Tanzania. The NMB Chief Executive Officer, Mr Mark Wiessing, said the award was a testament of the achievements that the bank had registered across its core retail,
Mobile money has redefined financial services locally and every serious service provider in the industry has tried to get in on the action. Local banks were relatively late adopters of m-commerce but despite this some of these institutions have managed to make remarkable progress even in the face of steam rolling competition from the likes
M-PAWA, a new banking product introduced by Commercial Bank of Africa and Vodacom has raked in 1.2bn/- in three weeks only after it was launched. Vodacom Tanzania’s Managing Director, Mr Rene Meza told the ‘Daily News’ that the money were savings from 50,000 people who had registered for the new service that allows customers to
The Central Bank of Kenya (CBK) has granted authority to Rabobank Nederland to open a Representative Office in Kenya. The authority was granted pursuant to Section 43 of the Banking Act. Rabobank Nederland is a cooperative bank owned by local cooperatives in Netherlands. Apart from offering financial services to its member cooperatives, Rabobank Nederland, which
SwaziBank has announced its collaboration with MasterCard, becoming the first locally owned retail and commercial bank licensed by the global payments technology company in Swaziland. By enabling acceptance of MasterCard products on SwaziBank’s ATM network around the country, the number of ATMs now accepting MasterCard payment cards in Swaziland increases by a substantial 25 percent.
Zimbabwe’s leading mobile money service, EcoCash, has teamed up with WorldRemit, the global online money transfer service, to offer customers instant international money transfers to EcoCash mobile wallets. Zimbabweans in 35 diaspora countries can make online remittance payments to friends and family in Zimbabwe. Using WorldRemit, Zimbabweans can send money online, through smartphones, tablets or
United Bank of Africa (UBA) Plc is set to build a new generation of loyal customers with its new suit of products tailored to meet the unique needs of teenagers and young adults. The product “Next-Gen” account, which was launched at Intercontinental Hotel on Monday, is basically a suit of personal current accounts designed to
